CO SB169

Prohibits insurers from unfairly discriminating based on race, color, national or ethnic origin, religion, sex, sexual orientation, disability, gender identity, or gender expression in any insurance practice.

Prohibits insurers from using external consumer data sources, algorithms, or predictive models that result in unfair discrimination against protected classes, including credit scores, social media habits, purchasing habits, and educational attainment.

Requires the Insurance Commissioner to adopt rules by January 1, 2023, establishing testing and risk management frameworks for insurers using external consumer data and algorithms, with a mandatory stakeholder process for each insurance type.

Requires insurers to provide information to the Commissioner about external data sources used, explain their usage methods, establish risk management frameworks, and provide attestations that discrimination controls are implemented continuously.

Exempts title insurance, surety bonds, and most commercial insurance policies from requirements, though business owners' and commercial general liability policies with premiums of $10,000 or less remain subject to the law.